Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelams are sold for $950. Selected data for the company's operations last year follow The absorption costing income statement prepared by the company's accountant for last year appeats below: Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company/s inventory at the end of tast year? 2 Prenare an income stafement for last vear usinn variahle roctinn